Coinbase Confirms End of an Era

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Published by
The Street

By Luc Olinga Cryptocurrency exchange to cut nearly 1,000 additional jobs and record significant charges. The horizon is uncertain for Coinbase. The cryptocurrency exchange is still unable to get out of the bad patch that the cryptocurrency sector has been going through for a year. The cryptocurrency market has lost nearly $2.1 trillion compared to its all-time high of $3 trillion reached in November 2021. The market is currently worth some $886 billion according to data firm CoinGecko. Bitcoin (BTC), the most popular digital asset, has lost 75% of its value compared to its all-time high of $6…

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